L3C

L3C
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

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  • low-profit limited liability company — (L3C) A company organized to perform services or engage in activities that benefit the public. Unlike a nonprofit, an L3C is operated like a regular profit making business and is allowed to make a profit as a secondary goal. A small but growing… …   Law dictionary

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